Templegate's Laying System
 

Rule 1: Operate on races with eight runners or more.
Rule 2: Eliminate Saturday and Sunday meetings.
Rule 3: Eliminate meetings with at least one Group and/or Listed race.
Rule 4: Consider horses that are from 1/1 to 5/1 inclusive.
Rule 5: Eliminate last-start winners and last-start beaten favourites.
Rule 6: Eliminate the horse if its last start was within one to 14 days (inclusive).
Rule 6: Eliminate the horse if it is ridden by the top jockey at the track.
Rule 7: Eliminate the horse if it is trained by the top trainer at the track.

The creator of the system comments: "The rules of this system are very easy, and if you follow them to the letter they will make you regular profits year after year."

This is all well and good and laying definately has a good chance of making a profit but isn't using betfair,etc in Austrlaia Illegal ?

I cant see anyone being prosecuted for using betfair, the court system is busy enough, without being bombarded with thousands of punters who commit such a serious crime as trying to get value for their betting. OH thats right, the government dont make money from them do they?

Does anyone know what is happening re the Australian version of betfair? Seems to have been out of the media lately!?!?!

Not really, plenty of info about if you looksee.

For starters this is from yesterday.

Betfair Announcement To Be Made By Dec 1

Online betting agency Betfair's future in Australian racing will be known by December 1.

Tasmanian Premier Paul Lennon said an announcement on the internet betting exchange would be made in time for legislation to be dealt with this year "should we decide to proceed with it".

Tasmania's house of assembly and legislative council both finish sitting for the year on December 1.

Mr Lennon said he had been examining new information from the Australian racing industry in the past few weeks.

The industry has been vocal about its concerns for the integrity and probity of the UK-based company.

"I met personally with key members of the Australian Racing Board and the Victorian racing industry," he said.

"I had further representations from them and I am giving it the due and proper consideration I undertook to do.

"But there comes a time when decisions such as these need to be made and we are fast approaching it."

Mr Lennon said community consultation had decreased concern about the deal, which is backed by Kerry Packer's Publishing and Broadcasting Ltd.

He was aware a decision in favour of Betfair could harm the local racing industry.

"As I have said, if it is good for the Tasmanian racing industry then we will proceed ... some damage could possibly be done to the Tasmanian industry if we don't move carefully on this," he said.

"And that is what we are doing, moving carefully to make sure the industry is benefited."

Tasmania was approached by Betfair to grant its first Australian licence in April.

And from the Hobart Mercury today.

Racing Victoria offers alternative to Betfair
By GREG MANSFIELD - RACING , Tuesday, 18 October 2005

Racing Victoria has made a lucrative multi- million-dollar offer to Tasmania that would see an increase in prizemoney, more races and the scrapping of nomination fees.

Under the proposal, some administrative functions would be merged to cut costs and all Tasmanian thoroughbred meetings would eventually be shown on the new TVN racing channel.

Racing Victoria would accept direct accountability for achieving agreed prizemoney levels and would structure the industry in a way that guaranteed higher stakes and more races.

In return, Racing Victoria would want a say in how the industry was run but the Tasmanian Thoroughbred Racing Council would retain its sovereignty and remain accountable to stakeholders.

The offer has been presented to Premier Paul Lennon and Racing Minister Jim Cox, and local racing administrators are aware of the details but have been told not to say anything.

However, Racing Victoria is understandably keen for details of the offer to be made public because it wants to show that Tasmanian racing does not need Betfair in order to prosper.

When added to the $3.4 million reduction in settlement fees offered to Tote Tasmania, it's estimated that the total package from Victoria is worth more than $6 million a year.

This exceeds the initial licence fee offered by Betfair.

Racing Victoria has told local officials that its offer is not conditional on Betfair being rejected but there's no doubt that it's designed as an incentive to keep the betting exchange out.

One local administrator, who asked not to be named, said that the Racing Victoria proposal "could be one of the best things that has ever happened to racing in Tasmania."

"It's not a takeover - the same proposal is being put to South Australia in a bid to strengthen the ties between the three states and benefit racing in each area," he said.

¤¤¤ Premier Paul Lennon has failed to alter the Tasmanian Thoroughbred Racing Council's opposition to Betfair - in fact, it has increased.

In a recent letter to owners, TTRC chairman Geoff Harper reaffirms the council's view that licensing a betting exchange "is definitely not a good thing for our industry or the Tasmanian community."

Mr Harper said that the council remained unconvinced that allowing individuals to lay horses to lose was in the best interests of racing and policing this activity was "not in any way feasible."

"We also have fears about the financial uncertainties that surround the proposal," he said.

"We are seriously concerned about the total absence of any form of business case... and, despite several requests, still have no figures on returns that the industry would receive.

"The TTRC has called for an independent financial analysis."

Mr Harper said that the council was concerned how Betfair would impact on Tote Tasmania's turnover which in turn could result in a loss of revenue for the racing industry.

The Tote's $3.4 million settlement fee reduction would also be put in jeopardy.

"This annual payment is a golden opportunity that we should grab with both hands while it is still on the table," he said. "It should not be put at risk, especially when the alternative is a completely unknown quantity."

If Mr Lennon had any hopes of winning the support of the racing industry for his Betfair proposal it was certainly quashed by Mr Harper's closing remark - "We believe that licensing a betting exchange would be diametrically at odds with the long term interests of Tasmanian racing."

Dr Ron,

I agree .. but I thought Betfair stopped you from placing the bet if you come from Australia (NSW or WA states). The terms say you are not allowed to bet on the races. What happens if you do lay a horse ?

I am from vic and recently before placing a bet had to agree thatI had been informed by betfair that placing a bet with them may be against some legislation in victoria. Needless to say I agreed and promptly placed my bet and several more to boot. By backing a horse to win, you are stating that the rest are going to lose, so why should they worry about people backing horses to lose? BY laying a horse you are just playing the role of a bookie and theyre still legal so why cant the public do the same thing?
I will go on record now as stating that betfair will be granted a liscence in every state in australia at some stage within the next 3 years. !!!!

wesmip!
You seem to be constantly worrying about legalities, be it hors-form or Betfair or whatever.
Are you a lawyer by any chance!?
The form data that is supplied free of charge is for you to use as you will, but not to onsell!
What difference do you think it makes, whether you access free data online or copy it into a database first?
As a matter of fact if I were the webmaster I would prefer you to download the form quick smart, and use it later in your programme, rather than having my server slowed down with your persistent queries.

Marcus,

Point noted about the form data ... But I was just stating what it says in the terms and conditions for betfair. It states "Users should be aware they are NOT allowed to bet on this event if they are physically present in NSW or WA. " and all the ads on televsion say it is illegal to place a bet on horse racing with a company not licensed in Australia which to my knowledge betfair is not.

I am more interested in the racing than the legalities so I have no issue with you correcting me. Thanks.

Thanks for all the info, La Mer. Have not seen much in Sydney papers --- but what you have said there pretty well brings me up to speed. Apreciated.

From WA here and have never had a problem placeing or laying a bet....i even had to get the account fixed when i was deleted at one point...never a problem....but i can't place bets in-running it won't allowe that....but i have been told there are ways around that

The whole issue about betting exchanges and their possible adverse affects on the integrity on racing is filled with hypocrisy as far as I am concerned by those determined to protect their vested cash cow interests.

There are those who attack betting exchanges yet are doing exactly the same with some bets they offer! For practical purposes there is no difference between laying a football team or tennis player to lose a game on a betting exchange or betting that a football team or tennis player will win a particular game with a betting agency like a TAB Sportsbet.

In both cases the bettor is effectively nominating one player or one team to lose. In both cases money is made by a particular team or individual player losing.

Those who attack betting exchanges for damaging integrity should put their money where their mouths are and immediately cease betting on head to head sporting contests.

But it goes even further than that Neil, because at least Betfair pays for the privilege of betting on those sports (and would do for Australian racing, as they do with UK racing, if they were allowed to), but the tote operators DO NOT pay a fee to the other sports such as tennis or football etc. Hypocrisy at its worst.

Pardon my ignorance but what are bets in-running? Surely not while the race is being run????

KV

Yes Kenny, exactly that and it's one of the most popular bet types on Betfair particularly during the jumps season - the odds can change quite dramatically during a jumps race.

It's illeagal to bet in that manner using the internet in Australia but can be done by telephone, which is not an ideal way of having a bet-in-the-run.

Fully agree with you, La Mer. I just wanted to keep it nice and simple. One of the most powerful and often used arguments is that our racing is clean and to keep racing clean and so protect punters, betting exchanges should not be permitted to operate. lol.

Presumably they don't worry about keeping other sports clean to protect punters on those sports by offering bets that are effectively a form of laying one team or one player. ...."I want this tennis player to lose because then I win my bet," is no different to laying that tennis player to lose on a betting exchange.

In addition, how is integrity protected when there are also margins bets in games?

Who is trying to fool who? Who is trying to pull the wool over punters' eyes?

It's all about preventing competition and finding arguments other than that to justify their position. Obviously no punters would accept, "We don't want betting exchanges. They might reduce the amount of money we win from you and so lower our profits."

And you can bet your bottom dolllar that as soon as betfair have their aussie liscence , the tabs will bring in their own exchange and all the reasons they quote for banning betfair will be a non issue in their eyes.

And the ONLY reason the TAB was created in the first place was to put illegal bookies out of business. lol

So has anybody actually come up with a system yet that incorporates data from Betfair? If so, what is the methodology you are using?

Tailwag